EFTA Document EFTA01451579

SOF III - 1081 Southern Financial LLC Section 5: Secondary Opportunities Fund Ill Secondary Opportunities Fund III. LP Maturity of Fund Interests The mid-sized fund segment of the market is further differentiated through the maturity of fund interests targeted. Some strategies target interests in immature buyout funds which are at least 15% drawn down but no more than 50%. These strategies do a primary style analysis of the blind pool portion of the portfolio - focusing on the capability o